KP Pay
KP Pay provides businesses with a digital banking platform offering virtual IBANs in GBP and EUR for efficient domestic and international payments. The platform supports SEPA, SWIFT, and Faster Payments, accessible via a mobile app and desktop, ensuring streamlined and compliant financial operations.
- Applications
- Enterprise Software
- Financial Technology
- Software Only
Funding
Founders
Product
Problem
Businesses require efficient and compliant methods for managing international and domestic financial transactions. Traditional banking can involve lengthy onboarding processes and limited options for virtual account management, hindering operational agility.
Solution
KP Pay offers a digital banking platform designed for businesses, providing virtual IBANs in GBP and EUR to streamline cross-border and domestic payments. The platform facilitates transactions through a dedicated mobile application and supports key payment rails including SEPA, SWIFT, and Faster Payments. As an authorized Electronic Money Institution regulated by the Financial Conduct Authority, KP Pay ensures a compliant and secure environment for business financial operations.
Target Audience
KP Pay targets UK tech startups, trade companies, distributors, IT developers, and holding companies seeking streamlined digital banking solutions for their international and domestic payment needs.
Features
- Virtual IBAN issuance in GBP and EUR for business accounts
- Support for SEPA, SWIFT, and Faster Payments for domestic and international transfers
- Mobile application for transaction management and account access (iOS and Android)
- Desktop access for broader platform utilization
- Multi-user account access with 2-factor authentication for enhanced security
- Safeguarded client funds in line with FCA regulations
- Competitive foreign exchange rates and transparent transfer fees (0.5% for SEPA, Faster Payments, and SWIFT)
- Onboarding process designed for completion within 5 working days